The silver state. [volume] (Unionville, Nev.) 1870-1903, 1887-07-15
SILVER NOT s.
The system Enaaguratcd by the Nan.
haitian COnipa


Among the numerous Innovations in
the lIne OF progress made by the new
management of thu NJ .nhattsn Co., that
Of paying their employees in silver notes
10 our opinion, is not the least in impor-
tsnce.
General Manager Hanchett, so far as
we know, is the first to grasp the situa.
ton and Inaugurat- the practice, with the
intention of continuing It.
Without here otfering explanations on
the subject, we do not hesitate to assert
that the time is coming when the cu'rsn-
cy of tine west as W. II as the as will
be notes. based on gold or silver coin de-
posted in the U. s. Treasury. aud We Of
the silver producing States should show
our faith in our product, aud practice
what we pr ach, by adopting the silver
note.
We said that the Manhattan Co.. was
paying in silver no g. This is not
strictly true. as. thus far, they have been
unable to procure them in sufficient qusn.
thy. Bot they propose to do it if they
have to sen "shot.gun" messenger to
the Treasury at Washington to procure
them. They have been unable t. get
them except in small quantities in San
Francisco, either from the banks or the
u. S. Deputy Tr-a4urer. The latter in.
formed special m -ssenger sent to him
BY Mr.. Hanehett that he did not have
them, aud bad 40 Instructions from
Washington 10 regard TO them. Mr.. II az
chett thea sent To Chicago, thinking that
50 smali a sum as $2i. 600 needed for the
June pay roll would be a mere bagatehs
in thst metropolis OF the west, but abou.
1900 out of $24, 600 WAS all that could
be had IN silver notes. It 10 unnecessary
to say that the u. 9. bank notes were Of.
fered TO any amount. This 10 not con.
sistent with the repeated assertions of
she Administration that silver will no.
circulate IN any form, or the wall OF the
banks, that as fast &C they are put in cir
culation they return to them. 1t ia the
same old story. The banks are still, by
every srtifce in their power, trying to
render silver, in shy form, unpopular, to
increase the demand Tor bank notes, and
We, upinvitiugly perhaps, in most cases
are assisting them by adherence to gold
coin as our only currency. OF course we
use silver for change, bot in that way we
can use but small quantity Of it. The
adoption OF silver notes TO pay all their
liabilities. by shs mining organizations of
the sivsr-producing States, would add,
probably, 5000 900 per month to their
circulation, aud make them popular not
only in the silver States but 10 all places
from which these Ssates draw their sup.
plies.
There Ia prejadice in the wess, we
admit, against paper money, as there 10
in the eass against coin, but this would
soon disappear. The people OF the eas.
dielike gold and silver coin, because they
think il ineonvenient and are afraid OF
counterfeits. The people of the west Oh.
ject to paper money for exactly the same
reasons. It Is all matter OF education
aud habit.
We appeal to The common sense of the
mining companies. and all other business
men Of the silver States, to think
whether it would not be the very acme
Of wisdom to follow the lead of the Man
haitian Co. snd pay in the money which
is the only recognized currency Of seven.
eighths Of the people Of the world, and
necessary TO the other eighth-the first
money known TO mankind and never re.
pudated-,he money of the people aud
the main source of our prosperity, which.
though temporarily depressed by the ma
chiuations of the shylocks of tho world,
will Inevitably reassert itself.